X0303 4 2010-03-29 0 0000319156 CUBIC ENERGY INC QBC 0001271239 BAYER HERBERT 9870 PLANO ROAD DALLAS TX 75238 1 0 0 0 Common Stock 2010-03-29 4 S 0 201 1.06 D 480086 I JTWROS With Spouse Common Stock 2010-03-31 4 S 0 13000 1.1 D 467086 I JTWROS With Spouse Common Stock 2010-03-31 4 S 0 10000 1.1015 D 457086 I JTWROS With Spouse Common Stock 2010-04-05 4 S 0 15900 1.1 D 441186 I JTWROS With Spouse Common Stock 2010-04-07 4 S 0 10899 1.1 D 430287 I JTWROS With Spouse Herbert Bayer 2010-04-08